Have you ever played that game in the car with your kids where you try and go through the alphabet, thinking of a different object for every letter (A is for apples, B is for Banana for example)?
Have you ever thought about trying it with purchasing?
We'll get the game started here, post your answer with the next letter below.
A is for Auction - Plenty of these around in the procurement profession. E-auctions, reverse auctions, dutch auctions, japanese auctions. Not always beloved by suppliers, or even buyers (take a look at the next issue of SM for some interesting survey results).